Mitsubishi UFJ Asset Management Co. Ltd. Buys 57,953 Shares of Tyson Foods, Inc. (NYSE:TSN)

Mitsubishi UFJ Asset Management Co. Ltd. lifted its position in shares of Tyson Foods, Inc. (NYSE:TSN - Free Report) by 14.3% during the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 463,018 shares of the company's stock after purchasing an additional 57,953 shares during the quarter. Mitsubishi UFJ Asset Management Co. Ltd. owned 0.13% of Tyson Foods worth $26,938,000 at the end of the most recent reporting period.

Other large investors also recently modified their holdings of the company. Riverview Trust Co lifted its stake in shares of Tyson Foods by 3,423.1% in the fourth quarter. Riverview Trust Co now owns 458 shares of the company's stock valued at $26,000 after buying an additional 445 shares in the last quarter. Brooklyn Investment Group raised its holdings in shares of Tyson Foods by 2,478.3% in the 4th quarter. Brooklyn Investment Group now owns 593 shares of the company's stock worth $34,000 after acquiring an additional 570 shares during the last quarter. SRS Capital Advisors Inc. lifted its position in Tyson Foods by 58.6% in the 4th quarter. SRS Capital Advisors Inc. now owns 620 shares of the company's stock valued at $36,000 after acquiring an additional 229 shares in the last quarter. TCTC Holdings LLC boosted its stake in Tyson Foods by 140.7% during the 4th quarter. TCTC Holdings LLC now owns 662 shares of the company's stock valued at $38,000 after purchasing an additional 387 shares during the last quarter. Finally, ST Germain D J Co. Inc. bought a new stake in Tyson Foods during the 4th quarter worth approximately $42,000. 67.00% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

Several research analysts recently issued reports on TSN shares. Hsbc Global Res raised Tyson Foods from a "moderate sell" rating to a "hold" rating in a research report on Monday, February 3rd. Barclays lowered their target price on shares of Tyson Foods from $76.00 to $75.00 and set an "overweight" rating for the company in a report on Tuesday, January 21st. UBS Group assumed coverage on shares of Tyson Foods in a research report on Friday, January 10th. They set a "neutral" rating and a $62.00 target price on the stock. Piper Sandler upgraded Tyson Foods from an "underweight" rating to a "neutral" rating and set a $58.00 price target on the stock in a report on Tuesday, February 4th. Finally, HSBC raised shares of Tyson Foods from a "reduce" rating to a "hold" rating in a report on Monday, February 3rd. Ten equities research analysts have rated the stock with a hold rating and two have assigned a buy rating to the stock. According to data from MarketBeat.com, the company currently has an average rating of "Hold" and a consensus price target of $61.10.

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Tyson Foods Stock Performance

Tyson Foods stock traded down $0.74 during mid-day trading on Tuesday, reaching $63.07. The company's stock had a trading volume of 2,630,024 shares, compared to its average volume of 2,306,533. The firm's fifty day moving average price is $59.41 and its two-hundred day moving average price is $59.61. The company has a debt-to-equity ratio of 0.52, a quick ratio of 1.04 and a current ratio of 2.11. Tyson Foods, Inc. has a 12-month low of $53.61 and a 12-month high of $66.88. The company has a market capitalization of $22.47 billion, a P/E ratio of 21.31, a PEG ratio of 0.74 and a beta of 0.72.

Tyson Foods (NYSE:TSN - Get Free Report) last announced its quarterly earnings results on Monday, February 3rd. The company reported $1.14 EPS for the quarter, beating the consensus estimate of $0.79 by $0.35. Tyson Foods had a net margin of 1.96% and a return on equity of 6.87%. The firm had revenue of $13.62 billion during the quarter, compared to the consensus estimate of $13.46 billion. During the same period last year, the firm earned $0.69 EPS. The business's quarterly revenue was up 2.3% compared to the same quarter last year. Sell-side analysts predict that Tyson Foods, Inc. will post 3.8 EPS for the current fiscal year.

Tyson Foods Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, June 13th. Stockholders of record on Friday, May 30th will be paid a $0.50 dividend. The ex-dividend date of this dividend is Friday, May 30th. This represents a $2.00 dividend on an annualized basis and a dividend yield of 3.17%. Tyson Foods's dividend payout ratio (DPR) is 67.57%.

About Tyson Foods

Tyson Foods, Inc, together with its subsidiaries, operates as a food company worldwide. It operates through four segments: Beef, Pork, Chicken, and Prepared Foods. The company processes live fed cattle and hogs; fabricates dressed beef and pork carcasses into primal and sub-primal meat cuts, as well as case ready beef and pork, and fully cooked meats; raises and processes chickens into fresh, frozen, and value-added chicken products, including breaded chicken strips, nuggets, patties, and other ready-to-fix or fully cooked chicken parts; and supplies poultry breeding stock.